Saudi Arabia commercial vehicle market
stood at around $ 5.1 billion in 2016, and is forecast to grow at a CAGR of 8.5%,
during 2017–2022. Saudi Arabia is prominently an
oil-based economy and figures among the countries with highest GDP per capita
in the world. Demand for commercial vehicles in the country is majorly emanating
from construction & infrastructure sectors and this is projected to grow
further during the forecast period. Additionally, rising focus of the
government to develop the country’s construction and tourism sectors is further
fuelling demand for commercial vehicles. These developments are anticipated to positively influence the Saudi
Arabia commercial vehicles market in the coming years.
Years considered for this report:
Historical Years:
2012 – 2015
Base Year: 2016
Estimated Year:
2017
Forecast Period:
2018 – 2022
Objective of the
Study:
- To study Saudi Arabia commercial vehicle market
scenario, which covers light commercial vehicle, buses, medium and heavy
commercial vehicle segments.
- To analyze and forecast the market size of Saudi
Arabia commercial vehicles.
- To classify and forecast Saudi Arabia
commercial vehicles market on the basis of region, vehicle type, and company.
- To identify drivers and challenges for Saudi
Arabia commercial vehicles market.
- To identify market trends & developments
of Saudi Arabia commercial vehicles market.
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Some of the major players operating in Saudi Arabia
commercial vehicles market are Toyota Motors Corporation, Mitsubishi Fuso Truck and Bus
Corporation, Isuzu Motors Saudi Arabia Co, Hyundai Motor Company, etc.
In order to perform
the study, TechSci Research conducted primary as well as exhaustive secondary
research. Initially, TechSci Research prepared an exhaustive list of commercial
vehicle players operating in Saudi Arabia. Subsequently, TechSci Research
conducted primary research surveys, which include primary calls, email
responses, etc., with the identified companies. While interviewing, the
respondents were asked about their major competitors. Through this technique, TechSci Research was able to include companies
which could not be identified due to the limitations of secondary research.
TechSci Research calculated the market
size for Saudi Arabia commercial vehicles market using a bottom-up technique, wherein
commercial vehicle manufacturers’ volume sales data for different vehicle types
(light commercial vehicles, buses and medium and heavy commercial vehicles) was
recorded as well as forecast for future
years. TechSci Research
sourced these values from industry experts and company representatives, and
externally validated by analyzing historical sales data of respective commercial
vehicle manufacturers to arrive at the overall market size. Multiple secondary
sources such as directories, company websites, company annual reports, white
papers, investor presentations and financial reports were also analyzed by
TechSci Research.
Key Target Audience:
- Commercial
vehicle manufacturers and distributors
- Industry associations,
organizations, forums and alliances related to commercial vehicle market
- Government
bodies such as regulatory authorities and policy makers
- Market research
and consulting firms
The study is useful in providing
answers to several critical questions that are important for industry
stakeholders such as commercial
vehicle companies, distributors and policy makers. The study would also help them to target
the growing segments over the coming years, thereby aiding the stakeholders in taking
investment decisions and facilitating their expansion.
Report Scope:
In this report, Saudi Arabia commercial
vehicle market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
·
By Vehicle Type
o Light Commercial Vehicles
o Buses
o Medium Commercial Vehicles
o Heavy Commercial Vehicles
·
By Company
o Toyota Motors Corporation
o Mitsubishi Fuso Truck and Bus Corporation
o Isuzu Motors Saudi Arabia Co
o Hyundai Motor Company
o Others
·
By Region
o Western
o Northern & Central
o Eastern
o Southern
Competitive
Landscape
Company Profiles: Detailed analysis of the
major companies present in Saudi Arabia commercial vehicles market
Available
Customizations: With
the given market data, TechSci Research offers customizations according to the
company’s specific needs. The following customization options are available for
the report:
Company Information:
Detailed analysis and profiling of additional market
players (up to five).
In case you don’t find what
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com